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in denial, of the facts. -- in denial of the facts. there are an awful lot of people that despise government precisely because it opened the door for common citizenship, for people of all races and nature is in the united states, so it is still controversial, but it is beyond that, tavis. our country measures schools, by the way they teach math and the way they teach reading. not history. history is the key to citizenship, and because we do not teach this, we are in danger of having people coming of age that do not understand this, he and the civil-rights era -- this, and the civil-rights era is one to show how people use their citizenship to change the nation for the better. we lose a lot by not transmitting it, and we cannot blame the kids. they do not get this history through the umbilical cord. a lot of people were embarrassed by being racist, other is embarrassed by -- there are barriers to psychological readiness, but what we have to understand is that through those barriers is where we really make our greatest progress, and that is what the 1960's were really about, and that is, to me
. >> and we have the stumbling blocks in the deal to sequester the government spending cuts but first the look at how the overseas markets fair fared today. >>> on wall street, more red than green in the stock market and some losses in the oil patch as well. >> that's where we begin our market outlook tonight. the company's ceo expects negative pricing press neuer several airs. looking at the stocks, down almost 4 percent. other drillers almost got hit. neighbors and hall burton down as well. leading the s&p gainers today. jcpenney the retailer got a positive report from an analyst at oppenheimer because of the new joe fresh shot. but says pennies needs to work through its problems. >> as ttrazenika reported a big drop. and forecast continuing difficulties with competition from generic drugs. shared traded in new york were down slightly at 46.18. >> and after six year on the job, electronic arts ceo offered his resignation during the tenure. the stock dropped more than 60 percent. he said in a memo revenues will be at the low end of his earlier guidance and was accountable for it. shares were
be established. there's also a new coalition government in israel, one that remains fractured when it comes to the establishment of a palestinian state. it is no secret that prime minister benjamin netanyahu and president barack obama have not always seen eye-to-eye on the best road to peace and that's just the beginning for president obama on this historic trip. he has to deal with nuclear threats from iran and provide a road map for how far the united states will go in defense of israel. we will get insights to all of these challenges for president obama with the former ambassador to israel, martin indyk who joins us from washington where he is the vice president and director for foreign policy at the brookings institution. ambassador indyk, good to have you back on the program, sir. >> thanks, tavis, good to be with you. tavis: i guess the start is whether or not i have overstated the case. there are some who believe as i intimated a moment ago that the president's very presence in israel that's to say, our president, barac
, but it is what it is. at the heart of it is ending too big to fail, giving the government new tools to resolve large financial institutions when they feel in a way it will not hurt taxpayers and not subject them to risk. well, it forced losses on the shareholders and creditors of the large financial institutions, which is where they belong. it also requires the federal reserve board to have much tougher prudential standards, so higher capital, more stable liquidity, less reliance on short-term debt. those are the types of things that were problems during the crisis and the fed has been mandated to have better regulation to prevent banks from getting in trouble to begin with. the volcker rule, too, a key part, it was designed to prohibit proprietary trading by those institutions in the government safety net. if you're a bank holding company that has an insured bank that has fdic-backed deposits or access to the federal reserves discount window, you have a lot of government support provided to traditional banks. so volcker is really about customer service. your banking model should be serving cu
's going to give the government, they hope, time to recapitalize the bank. that's a long-winded way to say pitch the bank. put a lot more money in them so they are stronger. not until tuesday because it happens to be a holiday. >> michelle, this is suzie. what do you think could happen on tuesday? there's been so much pent-up anxiety, what happens when those banks open? >> well, it all depends on what happens over the next four days. so cyprus rejeblcted the first idea and they try to raid a pension fund to come up with money to meet the requirements of the bail out from the european partners. now that all of those things have happened, they face two choices. they need to shut down some banks that are very, very weak. or they're going to have to leave the euro. that's the choice they face. and depending on which one they make, that's what's going to happen on tuesday. >> michelle, how did the banks in cyprus get so bloody. is it really traceable basically to the fact that it's a kind of "don't ask, don't tell" kind of banking culture. >> well, certainly, this is a place that advertised dis
of the challenges he's facing putting together his new government and obama basically said, well, talk to me about it. look what my problems on capitol hill are, and netanyahu said, yeah, but we have more moving parts over here, parts in our country don't move at all, that's the problem. >> i had my doubts about whether or not he was going to shift netanyahu's opinion on him. i felt that from the -- remember that photototof netanyahu and obama sitting on the couch in the white house? >> the oval office. >> do you remember that? >> sure. being lectured. >> the whole body posture and so forth. but some of the video emerging from this trip is so authentic and even the words of netanyahu describing obama and what he means, what obama means to him in this relationship. a true friend. it was very authentic. >> yes, i think it was. and i think they did have, for the first time really, the kind of environment and personal contact within that environment that made this all possible, and they all both know, and certainly they know how important a good personal relationship is on an issue as complicated and
that to fixed income certainly in government space so we like equities and we like global equities. it will have to be a multi asset strategy which is kind of all of the above. looking at commodities and debt and equities and looking in companies in europe. there are good companies with strong balance sheets in europe, as well. looking into russia, indonesia, malaysia. so it is not so much a risk on/risk off. if i can jump off an earlier point which is fantastic which is the expansion we see the fundamentals have not changed a lot. that allows us to be a little more flat until the end of the year. sentiment is a very powerful thing. sentiment as momentum picks up people become more confident and like stocks that can be rather strong. we are looking at that right now. so bonds are being sold to finance equities that would change the dynamic and we have to revisit our estimates. >> thanks so much. >> thank you. >>> and coming up we will get more specific and find out which stocks this week's market monitor likes. >>> more warnings that investors should get out of bonds. billionaire investor says i
. the section of doma that is argued next week before the supreme court says the federal government will not recognize in the many programs a same-sex marriage that is recognized by the state. in terms of estate tax and benefits, some 1,000 programs. if a couple is legally married in the eyes of its is state, it is not married in the eyes of the federal government. that is a new policy for the federal government. prop 8 only speaks to california and bans same-sex marriage in california. >> scott: vik, they are different, but intersect. we will learn about what the justices feel about doma on tuesday when they ask questions about prop 8. what are the legal even tantangs here? >> jane is correct. the supreme court could strike one down without affecting the other. their way is to do that. both at the procedural level and substantive lae substantive level, there are comm commonalities. how do we defend a statute, the president and attorney general and governor, decline to defend? in both of these, the elected executive officials declined. that is a common question. on marriage, at base
continue to appeal to the european unaelectoral bank, the ecb for new bailout terms. the government is hoping this defeat will give them leverage to negotiate new terms with the european union so when parliament meets again on thursday they might have a better plan to vote on. it's a high-stakes game of chicken with each side wondering who's going to blink first. or in this case, whether the banks will run out of money before a deal is reached. if the eu does not back down then savers in cyprus will have to shoulder some of the burden for the bailout loan. and that has savers around the world wondering whether their deposits are safe. in cyprus tonight, banks remain closed with no clear indication when they'll reopen. one analyst from jpmorgan tonight saying cyprus has chosen a hard road. global markets are wondering where it's going to end. >> bertha, thank you very much for that report. when those banks reopen it is going to be a very interesting and busy day. bertha coombs, thank you. >>> that uncertainty in cyprus sent the u.s. stock markets on a meandering hike today. the major
the government is trying to come up with a plan to reorganize its banks by monday. that's the deadline set by the european union officials. if they don't, it could mean collapse of the entire banking sector. as michelle caruso-cabrera tells us, that fear is being felt on the streets. >> reporter: cyprus yet another country in europe where the devastation from the financial crisis is being felt throughout the population. throughout cyprus lines could be seen at the atms of the country's weakest bank, people desperate to take out cash because they're on the verge of failure. >> we're being treated like third-class citizens and we're very, very angry. >> reporter: how much money did you take out? >> i just took $1,000. i've been taking $1,000 every day. and personally, i'm taking this money and cash with me to the u.k. tonight. >> reporter: because? >> because we don't know what the future of our country holds. >> reporter: the reason they're using the atm? the banks have been closed nearly a week and won't open until tuesday, earliest. business owners deeply affected by the bank closures. th
. governments are doing it. companies are doing it. sports teams are doing it. those what you say to persons watching this now who believe this as a concept or believe it in their own family, the notion their family is cursed, that it has been for generations, the notion it has always been this way in the family? i think there are families of buy into that. this was passed down. great grandparents did this. my mother had it. i had it. true intellectually. it is true emotionally. you get my point. why do you say to families who theirhappiness is not in purview? >> almost anybody who has looked at happy this -- happiness has said it is not something you find. it is something you make. there has been a lot of studies, and it shows clearly greatness is not a matter of circumstance. it is a matter of choice. you do not need a grand plan. you do not need to go back to the ancestors and write rules. you need to accumulate small steps. the reality is family narrative's go on a long time. they can be changed. they are changed every day. tavis: his name is bruce feiler . his book is no. 5. the book is
in government have to make that decision, but something has to happen, because now we are talking about putting knives back on the plane. it seems we have a short memory. 9/11 was not that long ago, and they did it with box covers. -- box cutters. we go home, but in real life, people die. what can we learn? maybe we should have a little more gun control, because you have people walking around that look like tourists that could have weapons in their bags, because you can make them online. take on this,your part, not antoine's to give it away, i love how we came in, on this weaponry that the terrorists are using, and you can see on the box is american made. can see on the box they are american made. >> details. weis: that is so much that deal with. we have financed and sold weapons around the world. they may at some point come back to haunt us. layered a lot of that in the movie. it is true. even the point to one of the characters who is part of the secret service, a human being that is used by a villain to attack us, and i know you were talking earlier between the president and the secret servic
the country's tried to take, the government's tried to take a big step forward, under the clinton administration and then under the first year of the obama administration. and each time the senate killed it. >> yeah. but the key thing there is that each time both the clinton administration and the obama administration tried to do this it was essentially a top-down, inside the beltway strategy. we are going after and trying to cajole and convince and persuade the members of the senate and the house to pass this legislation without first engaging the broad public and building a citizens movement, a issue public as i talked about before that was actually demanding change. because in the end politicians care about their job. and if they don't feel like there's a political price to pay for opposing action on climate change or alternatively a political opportunity to be had by being a leader on this issue, it's very easy for them to say, "you know what? i've got a lot of other things here on my plate to deal with. i've got lots of lobbyists coming into my office as well as people back h
Search Results 0 to 16 of about 17 (some duplicates have been removed)